China not Africa's main creditor, 'debt trap' claim debunked
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E-mail China.org.cn, August 21, 2024
According to the debt report released by the World Bank, China-Africa bilateral debt accounted for 11% of Africa's total external debt. At a press conference Tuesday, Shen Xiang, director general of the Department of West Asian and African Affairs at the Ministry of Commerce, refuted the "debt trap" myth, emphasizing that China is not the primary creditor of African debt.
